News Corp’s digital real estate advertising firm REA Group has bought a 14.7 per cent stake in Indian online real estate marketing group PropTiger for $A67.9 million.
REA Group is regarded as the biggest single entity media organisation in Australia.
CEO Tracey Fellows (pictured above) said in a statement: “Coupled with iProperty, it extends our footprint in Asia and strengthens our presence in a region with long-term growth potential.”
Fellows added that the Indian market was one of the fastest growing in the world and REA’s investment aligned with its global strategy.
Read B&T’s Women In Media profile with Tracey Fellows here.